The Technology Strategy Board is to invest up to £2m in technical feasibility studies to stimulate innovation across four enabling technology areas. This will help to ensure that small and micro businesses in the UK are well equipped to respond to market opportunities across a range of economic sectors.

TSB are seeking projects in the following fields: advanced materials; biosciences; electronics, sensors and photonics; and information and communications technology.

The competition is open to small and micro companies only, working either singly or in collaboration with one partner. Projects can last up to four months and total project costs must not exceed £33,000.

This is a single-stage competition. It opens on 18 February 2013 and applicants need to register before noon on 27 March 2013.The deadline for applications is at noon on 3 April 2013. Successful projects must be completed by 30 November 2013.

A briefing event for potential applicants will be held in London on 21 February 2013.